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My Top ETF and Option Play Amid a Data-Heavy Week

by | Jan 20, 2022

The markets have new, important economic data to price in on top of earnings and interest rate news — and more in Thursday’s stock market recap.

There’s always a battle between the long bond and consumer stocks. As interest rates move higher, and consumer stocks continue to report better-than-expected earnings, it’ll prove they can do well in a higher rate environment. 

Thursday’s existing home sales is going to be an important number, as residential real estate stocks have been under a lot of pressure the past few weeks.

Elsewhere in the news, American Airlines Group Inc. (Nasdaq: AAL) and United Airlines (Nasdaq: UAL) reported slightly better-than-expected earnings. Losses were not as much as expected due to a strong holiday travel season.

While the first quarter will be tough for airlines due to the surge of the omicron variant, both carriers are looking forward to a stronger spring and summer.

In this morning’s stock market recap video, you’ll learn why I believe stocks are overdone to the downside… whether China is helping or hurting our economy… about vital support areas on the Nasdaq 100 and Dow… which sectors will rally next… an update on momentum levels… review current Federal Reserve data being released… plus get my top ETF and option pick complete with strike price and expiration. 

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to! 

Stock Market Recap: By the Numbers

This morning’s stock market futures recap: 

DOW (mini)

  • Close: 35,028.65. 
  • Futures: 35,032. 
  • Change: +122. 

S&P 500 (mini)

  • Close: 4,532.76. 
  • Futures: 4,546. 
  • Change: +21.25. 

NASDAQ (mini)

  • Close: 15,047.84. 
  • Futures: 15,184.5. 
  • Change: +151. 

RUSSELL (mini)

  • Close: 2,062.78. 
  • Futures: 2,067.5. 
  • Change: +8.3. 

Note: Updated as of 9:25 a.m. EST  

P.S. I Dare Anyone to Find A Better Strategy…

We’ve all been there before… You buy the dip in your favorite stock… 

But then that dip turns into a correction, and then that correction turns into a crash.

Before you know it, two to three months of gains are wiped out in two or three days.

This is what we call blowing up an account… And we see new traders make this mistake all the time.

The key here is to protect yourself by using a built-in hedge… 

The hedge allows you to take full advantage of all the gains, but when the market crash finally does come — you’re more protected. 

See How I Do It

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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